Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: BirdDog who wrote (46101)	1/9/2002 11:04:46 PM
From: Dealer	Read Replies (3) \| Respond to of 65232

I check Signal and they have it at 17:26:04 last trade was 22.45 however, Yahoo still has it at last trade at 8:17 with a closing price of ..... Sit down are you ready?? 24.96 I changed it to the Signal after seeing if there was any news out.....none. What can I say? Darn computer operators anyway. Thanks. Knowing I was sending it to you I had checked the Yahoo price twice..........before posting........ Duh! dealie

To: BirdDog who wrote (46101)	1/10/2002 12:55:43 AM
From: Sully-	Read Replies (2) \| Respond to of 65232

Briefing.com - Tech Stock Analysis Updated: 10-Jan-02 General Commentary Did Wednesday's late day retreat mark the start of a meaningful correction, or will traders take advantage of the dip to increase their weighting in techs? While the latter has been the norm in recent weeks, valuations, technicals and timing all point to the former... Many tech companies, both big and small, have posted high double-digit -- in some cases triple-digit -- gains off their September lows... Early signs of a turn in the economy/profit picture triggered the advance, with short-covering and technical buying contributing to the push... However, even if the flood of Q4 earnings numbers paint a generally bullish picture, there's no way the pace of earnings growth will match the pace of recent stock gains... In other words, the good news is already priced in. In addition to the valuation argument, short-term technical indicators are overextended... As we've noted on numerous occasions, indicators can remain overbought for some time (as they have recently)... Consequently, just because you get an oversold reading doesn't mean the sector/market is going to correct immediately... What it does tell you, however, is that conditions are ripe for a pullback... Just need a catalyst. That catalyst is likely to be timing... We all know the sector/market has enjoyed a huge rally since late September... And most traders agree on the primary reason for the advance -- more favorable view of economy/earnings... Now all market needs in order to extend the rally is for the upcoming flood of earnings reports to justify the underlying assumptions... But what if the news isn't quite as promising as investors hoped for going in? Do we get another repeat of last summer when hopes for a quick economic turnaround faded, and with it the market's spring rally... If you're sitting on some nice fat gains, do you really want to expose those profits to the risk of disappointment?... Especially having recently witnessed how fast the market can go down if news doesn't live up to advanced expectations... Probably not. In other words, what we saw unfold late yesterday was probably nothing more than gun-shy investors taking some profits off the table on seemingly remote chance that earnings news fails to live up to pre-season hype... Such a pullback isn't likely to last very long, nor is it apt to run very deep... But traders should be prepared for at least a short-term (couple of weeks) shift in the bias from bullish to neutral/slightly bearish. Robert Walberg briefing.com